Reed Enterprises is considering a project that has the following cash flow data. The cost of capital for the project is 10%. What is the projects MIRR if the firm would be able to reinvest the cash flows at a rate equal to the projects cost of capital WACC 10.00%

Year Cash Flows

0 -$1,000

1 $400

2 $500

3 $400

a. 14.11%

b. 11.85%

c. 13.23%

d. 12.03%

e. 12.77%